InvestMoat

Costco vs Walmart

Closer than you think?

Costco edges it, 73 to 69, on moat and valuation.

COST · Consumer

Costco Wholesale Corporation

…

HoldFull analysis

WMT · Consumer

Walmart Inc.

…

HoldFull analysis

COST

WMT

Composite
73
(higher)
69
Moat
78
(higher)
69
Growth
68
68
Valuation
72
(higher)
71

COST

WMT

Bear
$775
$78
Base
$1,050
$115
Bull
$1,300
$145
Upside to base
—
—

COST

WMT

Revenue CAGR, 3–5 yr
9-11%
5-8%

COST

WMT

Proprietary Data
Intact
Intact
Regulatory Lock-In
N/A
N/A
Network Effects
N/A
Intact (higher)
Transaction Embedding
Strong (higher)
Intact
System of Record
N/A
N/A
Scale Economics
Strong
Strong
Brand & Pricing Power
Intact (higher)
N/A

COST

WMT

Learned Interfaces
Weakened
Weakened
Business Logic
Intact (higher)
N/A
Public Data Access
N/A
N/A
Talent Scarcity
N/A
N/A
Bundling
Intact
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Which is the better stock, Costco or Walmart?

Costco edges it, 73 to 69, on moat and valuation. Our rating: Costco Hold, Walmart Hold.

Does Costco or Walmart have the wider moat?

Costco scores 78 on moat to Walmart's 69. Costco is rated stronger on transaction embedding.

Which is growing faster, Costco or Walmart?

Both score 68 on growth. We expect Costco to grow 9–11% a year, Walmart 5–8%.

Is Costco or Walmart cheaper right now?

Costco scores 72 on valuation to Walmart's 71. In our base case, Walmart has more upside: +8% vs +7%.

Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.